In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a substantial mortgage lender. In fact, ten years...

First paragraph: Charles Goodhart, you studied economics at Cambridge and Harvard. What was your motivation to become an economist and was there anyone whose ideas and attitude impressed you most?